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Panda Mart Expands into Canada with Toronto Store Opening
Discount retailer Panda Mart has expanded into Canada through the opening of a new Greater Toronto Area store.
The opening also marks the South Africa-based retailer’s first location in North America.
Panda Mart leased 120,000 square feet at 768 Warden Avenue, just south of Eglington Avenue, in Scarborough, Ont.
Semmi Liu, an Avison Young broker based in the GTA, served as the exclusive advisor and agent for Panda Mart in the transaction. The property’s features include accessibility to public transit, as well as the nearby Don Valley Parkway and Highway 401, with ample on-site parking for shoppers. Avison Young said it is an ideal location within a mixed-use neighbourhood full of shopping, dining and residential properties.
Panda Mart sells household goods, novelties home décor and furniture in 40 stores. Canada has become the 12th country in which it operates.
Pictured: New Panda Mart store in Scarborough, Ont.
Photo: Courtesy of Avison Young
- ◦Lease
- ◦Development
